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Watts and Associates, Inc., is a Billings, Montana, based economic consulting firm specializing in risk management innovation. Watts and Associates core competency is the melding of econometrics and statistics applied to large data sets resulting in new paradigms of automated risk management products. Risk management specialties include agricultural insurance development, review, and analytics; weather risk assessment for all industries; and development of data mining and risk analysis web tools.

Founded in 1986, the firm’s projects have included more than 50 major ongoing or completed contracts with clients including the United States Department of Agriculture (USDA) Risk Management Agency (RMA), Agri and AgriFood Canada, World Bank, World Bank International Finance Corporation (IFC). In additional to the large contracts, W&A has performed hundreds of smaller projects with an extensive client list including the U.S. Department of Justice, Farm Service Agency (FSA), and the State of Montana, as well as agricultural producers groups and private entities including over 1,500 individual clients.

In addition to contracted efforts, Watts and Associates, Inc. has sponsored initiatives resulting in:

Changes in United States federal law to assist producer groups in having a voice in risk management products;
Development of commercial weather risk management platform (eWeatherRisk);
Development of a non-profit corporation to assist agricultural risk management in developing countries (IIARM) and
Development of a catastrophic livestock insurance prototype.

W&A's experience with agricultural risk management extends from avocados to zucchini and has addressed such unique production practices as those for maple syrup and Christmas trees in addition to a focus on livestock risk management. W&A is driven by providing reliable, actuarially sound, effective and affordable risk management tools and products.

Watts and Associates News

11/17/2011 - FCIC Board Approves Pulse Crop Revenue Development for Expert Review

11/16/2011 - Watts and Associates presents Nursery Listening Session – Tyler, TX

11/9/2011 - Watts and Associates presents new pilot program educational materials for NCIS Fall Conference – Kansas City

11/3/2011 - Watts and Associates presents Biomass Listening Session – Boardman, OR

11/1/2011 - Watts and Associates presents Nursery Listening Session – Tulare, CA

10/31/2011 - Watts and Associates presents Nursery Listening Session - San Diego, CA

8/18/2011 - FCIC Board Approves Development of Revenue Protection for Malt Barley

8/16/2011 - Watts and Associates conducts listening session in Gloucester Point, VA for BiValve Feasibility Study Contract

7/27/2011 - Watts and Associates conducts listening session in Apopka, FL for Nursery Program Review Contract

7/11/2011 - Watts and Associates addresses NortHarvest Dry Bean Growers Meeting in Detroit Lakes, MN

7/10/2011 - Watts and Associates addresses USA Rice Federation annual Meeting in Dallas, Texas

7/7/2011 - Watts and Associates crop insurance division awarded contract to study feasibility of insuring Woody Biomass Crops

6/3/2011 - Watts and Associates awarded Corn Stover and Crop Residue Crop Insurance Feasibility Study Contract

5/19/2011 - Two Watts and Associates crop insurance concepts approved for expert review

5/18/2011 - Watts and Associates crop insurance product approved by Federal Crop Insurance Corporation for Implementation

5/14/2011 - Watts and Associates awarded Nursery Program Review Contract

4/26/2011 - Watts and Associates and IIARM notified of award of Consulting Services for Series of Courses on Agri-Insurance in Ukraine Phase 2

4/14/2011 - Watts and Associates notified of award of Evaluation and Recommended Improvements of the Current Nursery Crop Insurance Program and Recommendations for Alternative Designs for Providing Insurance for Nursery Crops

3/7/2011 - Watts and Associates notified of award of Feasibility Research Report for Insuring Aquaculture Bivalve Species

Watts and Associates, Inc. - Economic Consultants